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"Scalping" in 1 day charts

  • #341
  • Oct 30, 2014 2:15pm Oct 30, 2014 2:15pm
Quoting spyderman
Just a few thoughts on repainting of indicators. Been on a lot of threads over the years here at FF and many get crazy about indicators repainting Don't sweat it so much...it's just a matter of perspective. Even if an indicator eventually repaints, it's telling you what its designed to at the time of the signal. No indicator can predict what price will do in the future...just what it might do based on where its heading at a point in time. And some are designed to repaint based on their calculations (for example, if it's using some kind...
This to me does not make sense, it's basically a get out of jail free card for the indicator. If a trade works out, the indicator's great. If it doesn't, what can you expect, circumstances changed after it plotted. The whole point is that an indicator is there to give you guidance at the time you are required to make a decision. If a trade doesn't work out, so be it, not all of them do. You're trying to get probability and logic on your side and I think we can all agree that nothing is 100% infallible.

If an indicator is "designed to repaint" it serves no purpose. Even if it's not designed to do so but still does on occasions, it serves no purpose.

Rant over, I still like trendline breaks though!
  • #342
  • Oct 30, 2014 2:15pm Oct 30, 2014 2:15pm
Quoting spyderman
Just a few thoughts on repainting of indicators. Been on a lot of threads over the years here at FF and many get crazy about indicators repainting Don't sweat it so much...it's just a matter of perspective. Even if an indicator eventually repaints, it's telling you what its designed to at the time of the signal. No indicator can predict what price will do in the future...just what it might do based on where its heading at a point in time. And some are designed to repaint based on their calculations (for example, if it's using some kind...
  • #343
  • Oct 30, 2014 2:29pm Oct 30, 2014 2:29pm
Quoting henn9
{quote} No ESOSA they don't. as long as the candle is closed. they can change while the current candle is forming.
please my friend can you share the two indicators?
  • #344
  • Oct 30, 2014 3:05pm Oct 30, 2014 3:05pm
what can u tell me about 10.2 tmaslope?

it repaint too?
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #345
  • Oct 30, 2014 3:27pm Oct 30, 2014 3:27pm
dear tnavi ,
my MT4 Plattform can not open the "Nihilist_Ultra_Trend_V2.ex4", can you pleas provide the file Indicator "Nihilist_Ultra_Trend_V2.mq4" . thank you
  • #346
  • Oct 30, 2014 3:47pm Oct 30, 2014 3:47pm
Hi tnavi,

Here's what I've ben working on as I discussed with you by PM.

I hope the image below explains what I'm trying to do.

Any questions, or you don't think it's approriate for the thread just let me know.
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Oct 14 EUR:USD D1 Chart.png Size: 133 KB
Attached File(s)
File Type: tpl @-Trend-Trading.tpl   13 KB | 592 downloads
File Type: mq4 (T_S_R)-Signal Line.mq4   4 KB | 661 downloads
File Type: ex4 Magnified Market Price_TRO_MOD.ex4   5 KB | 536 downloads
File Type: ex4 Spread(1).ex4   3 KB | 499 downloads
File Type: ex4 Daily_Range_Stats.ex4   22 KB | 542 downloads
File Type: mq4 Heiken Ashi.mq4   5 KB | 486 downloads
File Type: ex4 Nihilist_Ultra_Trend_V2.ex4   10 KB | 560 downloads
  • #347
  • Oct 30, 2014 4:12pm Oct 30, 2014 4:12pm
Quoting stevepatt
Hi tnavi, Here's what I've ben working on as I discussed with you by PM. I hope the image below explains what I'm trying to do. Any questions, or you don't think it's approriate for the thread just let me know. {image} {file} {file} {file} {file} {file} {file} {file}
thank you very much Steve for upload all the files and ur method.

Favorite uploaded the babon slope.

this is a fantastic indicator. Finally, it doesnt repaints!

we can play with it without surprises.

Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla de 2014-10-30 22:05:01.png Size: 43 KB


is the same thing that Steves.

what do u think?
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #348
  • Oct 30, 2014 4:34pm Oct 30, 2014 4:34pm
Quoting JackAntigua
{quote} If an indicator is "designed to repaint" it serves no purpose. Even if it's not designed to do so but still does on occasions, it serves no purpose.
The purpose it serves (depending on the indicator) is served at the time of the signal.
Using the ultratrend as an example, if it gives a bullish signal, then the parameters that made it signal are bullish at this time and place. I can now choose to take that bullish trade based on what the indicator is telling me...possibly along with other factors (i.e. trendline break)
Now if 10 minutes after I place the trade, Mr. Big Shot hedge fund manager, decides to dump 5 billion euros back into the market (or the FOMC gets crazy ), then price is going to fall and the indicator may repaint...especially on a still open bar.
It's not a case of the indicator being no good...market conditions have changed...in this case radically.
  • #349
  • Oct 30, 2014 4:39pm Oct 30, 2014 4:39pm
Quoting tnavi
what can u tell me about 10.2 tmaslope? it repaint too?

There's been endless discussions in Nanningbob's threads on the tmaslopes repainting. Don't even get him started...

His reasoning is similar to what I've stated. It works for trading in the here and now as it tells you what the market is (or more accurately, has) been doing up till this point in time.
  • #350
  • Oct 30, 2014 4:43pm Oct 30, 2014 4:43pm
Quoting JackAntigua
{quote} If an indicator is "designed to repaint" it serves no purpose.
As I mentioned, there are indicators "designed to repaint".

For example a simple MA...say 20 periods...obviously doesn't repaint. It's taking the average of the last 20 periods and projecting that as a point on the chart.
But what about a weighted MA. Now to be honest I don't have a lot of experience using them...certainly not programming them, but logic dictates that if they're weighted to the current side then they will have to repaint. If the previous 20 weighted has been plotted and now you get a huge move on the current bar then those last few bars average will change (due to the weighting) and so the indicator has to repaint. It sucks for backtesting but that's not why most indicators were written. The are "indicators" as to what the market is doing...

Again...just my 2 cents.
  • #351
  • Oct 30, 2014 5:30pm Oct 30, 2014 5:30pm
Quoting tnavi
{quote} thank you very much Steve for upload all the files and ur method. Favorite uploaded the babon slope. this is a fantastic indicator. Finally, it doesnt repaints! we can play with it without surprises. {image} is the same thing that Steves. what do u think?

Hi tnavi,

Babon Slope - (T_S_R)-Signal Line - Hull Moving Average is the same indicator with different names.

A 10 EMA would work, more or less the same, I like the other indicator it's just a personal thing.

I haven't done any live trading with this yet but it certainly looks promising.

Using the 21 MA keeps you in line with the current trend and when used with the Ultra Trend Indicator, as a trade filter, helps to eliminate false moves.

But nothing is perfect; it's a matter of finding the best comprimise between speed and and accuracy.
  • #352
  • Oct 30, 2014 6:46pm Oct 30, 2014 6:46pm
GBP/USD D1

Short on this pair
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Oct 14 GBP:USD D1 Chart.png Size: 118 KB
  • #353
  • Oct 30, 2014 6:50pm Oct 30, 2014 6:50pm
Quoting stevepatt
GBP/USD D1 Short on this pair {image}
Is your SL and TP automated? I am not seeing it on my charts
Believe and Achieve!
  • #354
  • Oct 30, 2014 9:33pm Oct 30, 2014 9:33pm
hello every one, with this system should we play with ways or see some strong weekly SR ?i see tnavi use Heiken Ashi candlestick to follow trend, so we should exit trade when it change colour or any kind of exit ?any one have experence with exit by Heiken Ashi indicator ?
  • #355
  • Oct 31, 2014 1:51am Oct 31, 2014 1:51am
Quoting spyderman
{quote} The purpose it serves (depending on the indicator) is served at the time of the signal. Using the ultratrend as an example, if it gives a bullish signal, then the parameters that made it signal are bullish at this time and place. I can now choose to take that bullish trade based on what the indicator is telling me...possibly along with other factors (i.e. trendline break) Now if 10 minutes after I place the trade, Mr. Big Shot hedge fund manager, decides to dump 5 billion euros back into the market (or the FOMC gets crazy ), then price...
Amen, brother
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #356
  • Oct 31, 2014 1:53am Oct 31, 2014 1:53am
Quoting spyderman
{quote} There's been endless discussions in Nanningbob's threads on the tmaslopes repainting. Don't even get him started... His reasoning is similar to what I've stated. It works for trading in the here and now as it tells you what the market is (or more accurately, has) been doing up till this point in time.
didnt know, spyderman.

sorry
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #357
  • Oct 31, 2014 1:54am Oct 31, 2014 1:54am
Quoting tomek11
dear tnavi , my MT4 Plattform can not open the "Nihilist_Ultra_Trend_V2.ex4", can you pleas provide the file Indicator "Nihilist_Ultra_Trend_V2.mq4" . thank you
sorry tomek,

i dont have that.

enter into Nihilist thread and download from it
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #358
  • Oct 31, 2014 1:58am Oct 31, 2014 1:58am
Quoting stevepatt
{quote} Hi tnavi, Babon Slope - (T_S_R)-Signal Line - Hull Moving Average is the same indicator with different names. A 10 EMA would work, more or less the same, I like the other indicator it's just a personal thing. I haven't done any live trading with this yet but it certainly looks promising. Using the 21 MA keeps you in line with the current trend and when used with the Ultra Trend Indicator, as a trade filter, helps to eliminate false moves. But nothing is perfect; it's a matter of finding the best comprimise between speed and and accuracy....
i didnt know that are the same indicator, sorry.

probably it is a good indicator to filter us the wrong entries.

im going to prove it some weeks.

thank u friend!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #359
  • Oct 31, 2014 2:09am Oct 31, 2014 2:09am
does anyone have the file ""Nihilist_Ultra_Trend_V2.mq4" ?
  • #360
  • Oct 31, 2014 2:15am Oct 31, 2014 2:15am
Quoting sirwolf
{quote} Is your SL and TP automated? I am not seeing it on my charts

Hi sirwolf,

I use a money management EA to place and manage my trades.

I haven't downloaded the EA because fxtr51 no longer has the EA available.

There are plenty more available on FF.
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